Hard Money Lender

Orem, UT–Despite the chaos facing the major banks on Wall Street, credit unions face a better situation. The Family First Federal Credit Union of Utah has been shielded from the credit crisis, as it has not become involved in the risky investments, such as mortgage-back securities, that have causes larger banks like Lehman Brothers so much trouble.

Because the Family First Federal Credit Union has used sound lending practices, through the credit crisis it has continued to lend like it always it has. It continues to lend money at a five percent interest rate, it still does not require 20% down payment, and it still lends to first-time buyers.

Aside from money from credit unions, even hard money can be available. For more information on hard money lending and becoming a hard money lender, contact the experts of the Pitbull Mortgage School at 858-736-7788.